The first series of Canadian paper money was issued in 1935 after an act of Parliament created the Bank of Canada. Since then, there have been seven series of Canadian banknotes, each superseding the previous one. Unlike some denominations of paper money, the $5 denomination has been included in every series. The Bank of Canada started issuing the latest series of banknotes in 2018. The $5 denomination will still be included, but it is about to go through some significant changes. Sir Wilfrid Laurier, the first francophone Prime Minister of Canada, who governed during a 15-year period over the turn…
Paper Money
Taking a Closer Look at Canadian Paper Money from 1935
In the year 1817 Canadian banks first produced and issued paper money, however, in 1935, a few years after the Bank of Canada was created, it changed how Canadian paper money was viewed in Canada. To celebrate this momentous year and the years following, Colonial Acres has a variety of these historical and sentimental notes available. We’re going to look at why 1935 is considered such an important year and who were the men who changed and made history. The year was 1933, and the Great Depression was in full effect, the citizens of Canada were struggling with poverty, however,…
Rare Piece of History – 25 Cent Dominion of Canada Bank Note
Canada’s physical currency has a rather unique history much like the great nation itself. One of the interesting things about Canada’s history of currency is the use of two official notes, the Dominion of Canada banknotes and the Chartered banknotes. The 25 cents Dominion of Canada note stands out as a very interesting collector’s item. Dominion vs Charter? Canadian Note History at a Glance During the years 1870-1935, the main currencies in circulation were the ones released by Dominion. Alongside the dominion banknotes were chartered banknotes, which were issued on a regional basis. After 1935 the Bank of Canada took…
As Countries Move Away from Paper Money, Are Canadians Following?
A couple of decades ago a cashless economy seemed like a fantastic idea that only belonged in science fiction, but today it is a reality that exists in many countries and one that others, like Canada, are moving towards. If the trend continues, Canadian paper money may soon become rarities. The journey away from cash started in the 19th century with the advent of the use of wire transfers, the only alternative to cash. This was predominantly used by large commercial entities and very wealthy individuals. Alternative payment methods such as credit and debit cards emerged on the commerce front…
Keeping Your Canadian Paper Money Preserved for Years
Many individuals engaged in the fascinating hobby of collecting paper money, are aware of the delicacies and how quickly they can deteriorate over time. Mishandling, fading, fungus, insect damage and foxing (paper turning yellow) can really cause your paper money collection to deteriorate quickly. If you are a collector of paper money, there are steps you can take to prevent them from deteriorating. Here are some tips on how you can maintain your hobby and keep your precious Canadian paper money safe as you continue your quest to add more to your collection. How to Keep Your Bank Notes Safe…
Controversy over the 1954 Canadian Dollar Paper Money Series
The devils in the detail they say, or perhaps the detail is the devil in the case of the 1954 Canadian paper money series. In the early 1950s, the Canadian government decided to print a new series of paper money bills for the country. This series of eight banknotes displaying Canadian landscapes were introduced in 1954 and was created to replace the notes featuring King George VI that dated back to 1937. The new notes were supposed to be a fresh start for the country and symbols of British dominion were deliberately removed and replaced with symbols representing Canada’s…
Canadian Paper Money – 1920 $5 Home Bank of Canada Note
The 1920 five dollar bill issued by the Home Bank of Canada, which was believed to not be part of any personal collection, has now resurfaced among the circles of numismatists. The only other known copy of this note is being held at the National Currency Collection of The Bank of Canada. Continue reading for more details about this extraordinary numismatic masterpiece. Home Bank of Canada Notes The Home Bank of Canada was established in 1903 but only existed until 1923, when the last notes marked with that name were issued. This is why there is very little Canadian paper…
How to Avoid Counterfeit Canadian Paper Money
Counterfeiting is a very old and fraudulent practice that occurs not just in Canada but all over the world. It involves the act of making unauthorized (illegal) versions of legitimate items, such as money. Since the establishment of money as currency and its subsequent popularity in use the practice of counterfeiting has also become prevalent. It is important to arm yourself with knowledge so that when fraudsters try to create counterfeit versions of Canadian paper money, you can protect yourself. If we work together, we can thwart the efforts of fraudsters who produce counterfeit paper notes by helping to keep…
Canadian Paper Money: Limited Edition $25 Commemorative Note
If you are looking to add an interesting piece of Canadian paper money to your collection, think about finding a banknote that is of great value – the $25 commemorative note. This is a limited-edition note and it commemorates the silver jubilee of King George V. At the same time, there are many more interesting details related to this banknote that make it one-of-a-kind. In order to learn more, keep on reading. Interesting Facts You may not be aware of the fact that there was a time when the Bank of Canada issued $25 bills. While this is a little-known…
Check Out The Unique Paper Money From Around The World
Many countries around the world have decided to add interesting features and innovative design ideas to their paper money. The area that has been worked on the most concerning currencies is security where a lot of measures have been taken to prevent counterfeits. Also, a lot of attention has been paid to help the visually impaired by adding certain features to paper money that make it a lot easier for people to identify. So, it is evident that currencies around the world are becoming pretty innovative since both the aesthetics and security measures are taken into consideration. Read on if…
